lisa lee. let s begin with sonali. wework, not surprisingly, continues. there is a question of who will finance this company and softbank takes control. trying to get a loan deal done but there is something unique. please explain. sonali: softbank said we work as the co-borrower here. softbank had become intertwined since they got into this deal. softbank has been emerging as somebody that banks want to work with, despite the troubles that have happened, they are seeing portfolio companies, something to look out for next year is doordash. also a portfolio company in the vision fund, working with j.p. morgan for a credit facility here. lisa: softbank is listed as the main borrower. i found this fascinating. they are putting their own money and name on the block here. how much of a liability is this for softbank in a broad sense? and isolated case of them bringing it into their purview? are they going to bring other portfolios in? sonali: we work is a one-off given how far it h
sconces willt of break records in sales. sonali basak, natalie wong and lisa lee. let s begin with sonali. there is a question of who will finance this company and as softbank takes control. goldman sachs trying to get a loan deal done but there is something unique. please explain. sonali: softbank said we work as the co-borrower here. softbank and we work had become intertwined since they got into this deal. softbank has been emerging as somebody that banks want to work with, despite the troubles that have happened, they are seeing portfolio companies, something they have a big portfolio company. something to look out for next year is doordash. also a portfolio company in the vision fund, working with j.p. morgan for a credit facility here. lisa: softbank is listed as the main borrower. they are putting their own money and name on the block here. how much of a liability is this for softbank in a broad sense? case ofk in isolated this coming into their purview? are they g
win over the millennials who campaign. sanders a dutch investigation implicates russia and the downing of a malaysian passenger jet over lewd over ukraine two years ago. i m mark crumpton. bloomberg west is next. emily: i m emily chang and this is bloomberg west. it s the end of an era blackberry is powering down its own business. we will take a look at what is next. plus the future of mobility from battery power to self driving cars, we will hear from ford ceo , mark shield ahead. and to veterans dealmakers, we will talk about what is driving acquisitions and buyouts in the tech industry today. the end of an era for smartphones blackberry has said it will stop making the handsets that were once so addictive that we called them crack berries. shares surging 5% on the news. the company struck up a deal with an indonesian company to distribute blackberry devices running on blackberry secure software. the move comes three years after the ceo, john chen took over and o
mark: i m mark crumpton. let s check with your first word news. i-72 to 26 vote, the u.s. senate passed a 10 week stopgap measure to ensure no lapse in government spending, funding democrats wanted to address the water crisis in flint, michigan, will be handled in a separate water bill. the house could pass it tonight. , kratz joined with republicans to and president obama s first veto override. both house and senate voted overwhelmingly to allow families a 9/11 victory 9/11 victims to sue saudi arabia for its alleged backing of the attackers. the president has argued it could open the u.s. to lawsuits around the world. bernie sanders and hillary clinton made joint appearances at the university of new hampshire. sanders called clinton s plan to provide free college tuition to middle-class families revolutionary. senator sanders: i want young people to leave schools excited about the future, the new businesses they will open up, getting married, having kids, buying a house,
city s police superintendent. this comes after a video showing a white officer fatally shooting a life teenager. you can get more on these and other breaking stories bloomberg.com at. . mrs. bloomberg. coming up, mark zuckerberg gains a daughter and gives away a fortune. the facebook founder announcing his plans to donate 99% of his shares in the social network. plus, a changing of the guard. can the new leader save the smartphone business? and what goes down must come up a new investment in snapchat. mark dose of news from zuckerberg. they are the proud parents of a baby girl named maximo. he planned to give away 99% of their shares in facebook worth about $45 billion. in a letter to their daughter he said our society has an obligation to invest and improve the lives of all those coming into this world, not just those who are already here. joining me with more is our bloomberg billionaires reporter tom metcalfe and sarah. what is happening here? 99% of his facebook shares.